Established 1880 - World's #1 Company for Original Stock Certificates & RM Smythe Old Stock Research Services - Rated A+ by Better Business Bureau

Historic Stock & Bond Certificates                                                                              
RM Smythe Research Service Since 1880                                                                          


Free Shipping for All Domestic USA Orders
Everything on Sale - Buy Now and Save


What our customers say:




 




Dragon Automobile Company Brochure ( Dragon Touring Car) - 1906  

Dragon Automobile Company - Illinois

Product #: newitem44139300

Normal Price: $395.00
Our Sales Price: $295.00

(You Save: 25%)

Qty:

PRODUCT DESCRIPTION  
Original Historic Brochure in near mint condition from the Dragon Automobile Company probably printed in 1906. This wonderful brochure has 24 pages with 9 photographs and various illustrations and specifications regarding the car. The price of the Dragon Touring Car was $2,000. Since this company was only in business for a very short period of time, this brochure appears to be quite rare.

Scripophily.com is a name you can TRUST!
Sample page from Brochure


Detroit & Philadelphia — (1906-1908) — The Dragon Automobile Company hired an excellent engineer to design its automobile: Leo Melanowski, who had apprenticed with the Otto Gas Engine Company in Vienna, worked for Panhard-Levassor and Clement-Bayard in France and Waltham in the United States and had been manufacturing foreman for Winton. Dragon also enlisted the services of famed racing driver Joe Tracy as an engineering consultant and test driver.

The result was a fine four-cylinder motorcar that featured sliding gear transmission and shaft drive, and price tags in the $2,000 range, which were quite reasonable considering the specification. The matter Dragon skimped upon, it would appear, was quality control in production. Melanowski left early on to design the Aerocar from Detroit, and Joe Tracy didn't hang around long either. The company had been incorporated in Maine in the summer of 1906 with Harold P. Knowlton as president, Albert E. Knowlton as treasurer.

Production began in Detroit in late fall, and the first models were ready for the New York Automobile Show at Grand Central Palace that December. Meanwhile the plant of the J.G. Brill Company in Philadelphia had been secured, and operations were moved there. Soon thereafter two attachments were served by the Sheriff of New York County on the cars and property of the Dragon Automobile Company.

These resulted from two complaints. The first was from C.W. Ward, the Dragon agent for Newark (New Jersey), who stated that three cars had been delivered to him that "were not up to the standard guaranteed, and it was found impossible to get the company to put them in proper repair." Ward wanted his advance deposit back. The other complainant was W.S. Daniels of Boston, a former Dragon employee, who demanded back salary and commissions amounting to $1,700. Nor was this all. It was further reported that the Dragon Automobile Company had borrowed $136,000 from a Philadelphia bank, using as security 200 Dragon touring cars that had been placed in storage in Philadelphia, to be removed therefrom only under the bank's direction and with a percentage of their sale price to be applied as part payment for the loan.

By this time screaming creditors included the Herschell-Spillman engine manufacturers and the coil-and-sparkplug-producing C.F. Splitdorf company. By December of 1907 the Dragon Automobile Company had given up, its president John Kane Mills declaring personal bankruptcy three months later. By that time the firm had been succeeded by the Dragon Motor Company organized by J.E. Calhoun with a grand capitalization of a million dollars and the idea of entering the taxicab market.

In March of 1908 Calhoun, already in trouble, agreed to receivership although he denied insolvency. Among his problems was the five months back rent that had been owed the J.B. Brill Company by Dragon Automobile Company, the payment for which Brill was now demanding of Dragon Motor Company. By late March Calhoun decided to give up, too. Seventy touring car chassis remained to be completed when the Dragon plant and its assets were sold at public auction in early April 1908. Gorson Auto Exchange of Philadelphia bought everything, and presumably finished building the last 50 Dragons.

History from Wikipedia.

Product #: newitem44139300

Normal Price: $395.00
Our Sales Price: $295.00

(You Save: 25%)

Qty:
 

Scripophily.com and Old Company Research Press Releases

See Stock Certificate Expert Bob Kerstein, CEO Scripophily.com
discuss Stock Certificates in Bloomberg ,  the Associated Press ,
CNBC with Jane Wells discussing the Facebook IPO,
Inside Edition and the Today Show

Subscribe to our New Free RSS New Products Feed in a Reader

Subscribe to Our New Product Additions Feed by Email


We will always maintain our founding commitment to customer satisfaction and the delivery of an educational product with an enjoyable shopping experience.  Please let us know how we may be of service to you.



Scripophily has been
fully tested by
Norton Safe
Web


Bookmark and Share


Scripophily has been featured on CNN, CNBC, CBS, WSJ, Barrons, and many other fine publications
See Scripophily.com in the News at Scripophilynews.com


Note:
All Old Stock and Bond Certificates are actual authentic certificates and are sold only as collectibles. We do not sell reproductions and offer a lifetime guarantee to the authenticity of everything we sell.

All Rights Reserved. © 1996 - 2019

 
Scripophily.com is a name you can TRUST!
American Institute of
Certified Public Accountants

Scripophily.com is a name you can TRUST!
Virginia Society CPA's
Bob Kerstein, Member
Click to Verify Trust Certificate - Yahoo is a licensee of the TRUSTeďż˝ Privacy Seal Program



  Scripophily.com is a name you can TRUST!
American Numismatic Association

Securities and Exchange
Commission Historical Society


Society of Paper Money Collectors
Member
Scripophily.com - Gift of History -  BBB Membership Seal
Better Business
 Bureau Member
Rated A+